GBP/USD Technical Analysis: Cable above 1.3200 ahead of UK PM May’s speech

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GBP/USD daily chart

  • GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).
  • UK PM May to address the nation at 20:15 GMT.

GBP/USD 4-hour chart

  • GBP/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is trading below is trading between the 50 and 100 SMAs suggesting a consolidation phase in the short-term.
  • To the downside 1.3200 can still be tested. Lower 1.3150 comes into play.
  • To the upside, resistance is at 1.3300 figure and 1.3340 level.


 

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